Argus Research upgraded Boeing to Buy from Hold and set a $265 price target on Tuesday, putting New York-listed BA shares on a path to roughly 14% upside from their recent level. The call came as the planemaker’s turnaround momentum drew broader support from market watchers, with production progress and improving finances cited as the main drivers behind the change.
Boeing shares traded around $231 to $233 in U.S. market coverage at the time of the reports. The upgrade adds to a more constructive analyst backdrop for the company, which has faced years of operational disruption but is now seeing renewed attention on delivery rates, cash flow and manufacturing stability.
The move is a market assessment rather than a Boeing corporate announcement, but it carries weight because it reflects a more bullish view of the company’s near-term execution. Coverage on the same day described Boeing as showing stronger momentum in its recovery, with the new target joining a cluster of supportive analyst views on the stock.